142 Mill Spring Road
About This Property
Upstairs, the layout features remarkably spacious, light-filled bedrooms with pristine hardwood floors and excellent storage. The substantial primary suite is designed for maximum functionality, easily accommodating large furniture and offering a private en-suite bathroom with an expansive dressing vanity and built-in storage. Outside, the deep, landscaped backyard is lined with mature trees, offering a private setting for outdoor enjoyment, gardening, or recreation. Complete with an attached garage and an unbeatable location just moments from the historic Strathmore Vanderbilt Country Club. Zoned for Munsey Park Elementary School.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Manhasset
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017